Why Aurora Cannabis, Aphria, Cronos Group, and Other Marijuana Stocks Crashed Today

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Cannabis stocks plunged on Thursday as traders rushed to take profits in companies that analysts say have seen their share prices rise too far, too fast.

Here’s how some of the most popular marijuana stocks were performing as of 2:15 p.m. EST.

Pot stocks have caught the attention of traders on Reddit and other social media sites in recent weeks. Spurred by their excitement about the possibility of federal marijuana legalization in the U.S. now that the Democrats control the Senate, the House of Representatives, and the White House, many traders in the 8.9 million-member WallStreetBets Reddit group have ramped up their bets on weed stocks. 

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